NINtec Systems Ltd reports promoter‑group acquisition of 5,500 shares

What NINtec Systems announced

NINtec Systems Ltd (BSE: 539843, NSE: NINSYS) filed a disclosure under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 on 27 June 2026. The filing records that promoter‑group acquirer Niraj Chhaganraj Gemawat and his associated Persons Acting in Concert (PACs) acquired 5,500 voting shares of the company through open‑market transactions on 24 and 25 June 2026. The acquisition increased the promoter‑group’s shareholding from 3,413,366 shares (18.38%) to 3,418,866 shares (18.40%) of the total diluted share capital.

Parties involved and their relationship

• Acquirer: Niraj Chhaganraj Gemawat – identified as belonging to the promoter/promoter group of NINtec.
• PACs (Persons Acting in Concert):
  • Rachana Gemawat
  • Chhaganraj Gemawat
  • Sumanlata Gemawat
  • Indrajeet Mitra
  • Ketki Mitra
  • VIN IT Solutions LLP

The filing explicitly states that the acquirer is part of the promoter group, meaning the transaction is considered an intra‑group transfer rather than an external takeover. No other entities or institutional investors were reported as participants.

Details of the acquisition

The total equity share capital of NINtec remains 18.576 million shares, each with a face value of Rs 10. The diluted share capital, which assumes full conversion of any convertible securities, is identical to the equity capital in this case because no convertible instruments were reported.

Why this matters for investors

The acquisition is modest in size—only 0.02 % of the diluted capital—so it does not materially alter the company’s ownership structure or control dynamics. Because the acquirer is part of the promoter group, the transaction does not trigger SEBI’s mandatory open‑offer requirement, which applies when an entity acquires more than 25 % of a target’s voting rights. Consequently, existing shareholders are unlikely to experience any immediate dilution or change in voting power.

From a compliance perspective, the filing satisfies SEBI’s disclosure obligations under Regulation 29(2), ensuring transparency about share‑holding changes that could affect market perception. The open‑market nature of the purchase suggests that the shares were bought at prevailing market prices, without any preferential allotment or private placement.

Conclusion

NINtec Systems’ latest filing confirms that promoter‑group investor Niraj Chhaganraj Gemawat, together with six PACs, increased its stake by 5,500 shares, moving its holding to 18.40 % of the company’s diluted capital. The transaction, executed on 24‑25 June 2026 and disclosed on 27 June 2026, is a routine intra‑group share purchase that does not invoke any takeover thresholds or alter the company’s capital structure. Investors should note the compliance with SEBI regulations but need not expect any immediate impact on share value or control.

"The acquisition raises the promoter‑group holding to 3,418,866 shares, representing 18.40 % of the total diluted share capital," the filing states.